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Recession Looming
Old 01-10-2008, 03:41 AM   #1
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Recession Looming

Brace yourselves. Personally, I would just as soon get it over with.

www.kansascity.com | 01/09/2008 | Goldman Sachs economists say recession may already be here



The problem is that if the Fed continues to cut rates too far... that is what got us where we are today. Rates are too low for too long is not a good solution. They would be better off letting the system purge itself.

I am all for prosecuting some of the (individual CEOs and Officers) opportunist at the banks and mortgage companies that created the sub-prime mess. They knew exactly what would happen. Unleash the federal pit bull (Justice Department) on them and ruin them financially and personally for their flagrant misdeeds... Send a message. "You ruin us (the well being of the country)... we will ruin you." Get the IRS to turn over every rock until they find something.
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Old 01-10-2008, 07:34 AM   #2
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Brace yourselves. Personally, I would just as soon get it over with.

www.kansascity.com | 01/09/2008 | Goldman Sachs economists say recession may already be here



The problem is that if the Fed continues to cut rates too far... that is what got us where we are today. Rates are too low for too long is not a good solution. They would be better off letting the system purge itself.

I am all for prosecuting some of the (individual CEOs and Officers) opportunist at the banks and mortgage companies that created the sub-prime mess. They knew exactly what would happen. Unleash the federal pit bull (Justice Department) on them and ruin them financially and personally for their flagrant misdeeds... Send a message. "You ruin us (the well being of the country)... we will ruin you." Get the IRS to turn over every rock until they find something.
Nah the IRS would rather go after the hard working joe and his wife making 60K a year!
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Old 01-10-2008, 07:48 AM   #3
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Originally Posted by chinaco View Post
Brace yourselves. Personally, I would just as soon get it over with.

www.kansascity.com | 01/09/2008 | Goldman Sachs economists say recession may already be here



The problem is that if the Fed continues to cut rates too far... that is what got us where we are today. Rates are too low for too long is not a good solution. They would be better off letting the system purge itself.

I am all for prosecuting some of the (individual CEOs and Officers) opportunist at the banks and mortgage companies that created the sub-prime mess. They knew exactly what would happen. Unleash the federal pit bull (Justice Department) on them and ruin them financially and personally for their flagrant misdeeds... Send a message. "You ruin us (the well being of the country)... we will ruin you." Get the IRS to turn over every rock until they find something.
ahh...that's pretty harsh Chinaco. Besides, what else has the Fed got to do.
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Old 01-10-2008, 08:26 AM   #4
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Rate cutting is probably going to have little effect this time. It's a insolvency crisis (with a few other crises thrown in), rather than a liquidity crisis.

Example - auto purchases. Auto makers are offering crazy zero percent financing, for years, but they still can't move the metal. We've come to a point that people just don't want or need lots of new cars.

Slash rates to zero, and savor both the zero bound problem and the concept of pushing on a string. It'll be a comfort, but likely won't help overly much.
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Old 01-10-2008, 11:30 AM   #5
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I am all for prosecuting some of the (individual CEOs and Officers) opportunist at the banks and mortgage companies that created the sub-prime mess. They knew exactly what would happen. Unleash the federal pit bull (Justice Department) on them and ruin them financially and personally for their flagrant misdeeds... Send a message. "You ruin us (the well being of the country)... we will ruin you." Get the IRS to turn over every rock until they find something.
Ahhhh.... when did stupidity become a crime?

Lending money to someone who can not pay it back is not a crime.... stupid, but not a crime...
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Old 01-10-2008, 11:46 AM   #6
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For the most part it has been US auto makers offering 0% financing and Imports on SUV's and such. Try to get 0% on a hybrid. With the exception of the Escape and Mountaineer, thy may have it not sure.
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Recession means two consequtive quarters with Negative Growth
Old 01-10-2008, 01:12 PM   #7
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Recession means two consequtive quarters with Negative Growth

First off, the MSM has to scream DOOM and GLOOM or we wouldn't listen and watch. A great many economists predict a slowing of growth in 2008, but few actually predict a Recession based on its real definition (See Title).

Here's a link with 2008 predictions on growth:

wgdp.bmp (image)

Note, the US' and Europe's growth is forecast around 2%(after inflation). The rest of the world is forecast to grow at a much faster rate.

Another chart from: CARPE DIEM

world.bmp (image)

So, chill out!
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